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housing inventory: Glen's Numbers June 30th, 2008 - 07/04/08 10:57 AM
There's 2 things that stand out; 1) we're seeing some improvement and 2) the influence that REO's have had in our markets.
I usually speak about the relationship between actives and pendings as being an indication of markets, just as months supply and median price comparisons give us a clue to better understand real estate on a local basis.
Pendings hit an all time low last fall in most areas. Surprisingly they have rebounded since the beginning of the year to their highest levels since I've been tracking them, (July 2005). Why the rebound?
1) Investors looking for bargains, positive … (0 comments)
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housing inventory: SF East Bay Housing Statisitics & REO Surprise - 01/18/08 07:17 PM
It seems that every day now, we see more and more properties for sale that are listed as REO (Bank Owned Foreclosures), and/or Short Sales.
Our team, has always run numbers as a means to better understand our markets. We researched the EBRD multiple listings service, following a conversation that we had last night. We were not surprised as to which cities had a higher percentage of REOs.
However, we did not expect the number for the entire San Francisco East Bay area to be this high, 21%. That means that roughly one in five houses that are for sale, are Bank Owned … (1 comments)
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housing inventory: Contra Costa & Alameda County Housing Months Supply by City - 09/13/07 10:15 AM
This is a revision from the July Post as an update for what the months supply is doing on a city by city basis for Contra Costa & Alameda Counties.
What is months supply? Basically, months supply is the ratio of inventory to sales. And what it tells us is how many months the stock of homes for sale would last, if sales continued at their current rate.
See How your City is doing.
We currently have a 8.4 month supply of homes in the entire SF Bay Area. How does this compare historically? "A state of equilibrium" is considered 6 months, a point … (0 comments)
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housing inventory: Glen's Market Data - Months Supply - 07/10/07 08:50 PM
This is a revision from the May Post as an update for what the months supply is doing on a city by city basis for Contra Costa & Alameda Counties.
What is months supply? Basically, months supply is the ratio of inventory to sales. And what it tells us is how many months the stock of homes for sale would last, if sales continued at their current rate.
See how your City's doing.
We currently have a 7.5 month supply of homes in the entire SF Bay Area. How does this compare historically? "A state of equilibrium" is considered 6 months, a point at … (0 comments)
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housing inventory: Glen's East Bay Market Trends - 05/15/07 06:16 PM
We, as real estate agents, have access to the MLS, and are able to extract up to the minute information to give us a better clue as to what's really happening in your neighborhoods.
However, these bits of information that we are able to pull are only snapshots. Tracking these numbers over time gives us the ability to spot trends. These trends may be subject to our interpretation, but they do give us an up to date insight on a market so that we are able to make a more well informed real estate decision
How many homes are for sale in your … (0 comments)
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housing inventory: El Cerrito Pending & Active Sales - 01/17/07 10:16 PM
I have provided the graph above for those of you trying to make sense of the Housing market in El Cerrito. The graph follows Pending Sales and Active Listings on a week by week basis beginning in July of 2005 through January 14, 2007. (Data has been collected from EBRD MLS).
Actives - are properties currently for sale.
Pending - are currently in escrow.
Following these numbers can sometimes give us an indication of market trends. For example, as in most cities within the greater Bay Area, there has been a trend coming from a very strong "seller's" market in the summer of 2005, and … (0 comments)
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housing inventory: Housing: The Best Indicators of a Rebound - 01/17/07 08:20 PM
"Has the home market hit bottom? That is the key question for the U.S. economy in 2007. According to some housing indicators, there is some light at the end of the tunnel for homebuilders, but that cautious optimism comes with caveats."
Read the article found in the January 15, 2007 issue of BusinessWeek HERE.
"To get the most reliable signal that the housing recession is over, keep an eye on the average monthly supply of new homes for sale and the average mortgage rate each quarter. Analysis by Goldman Sachs U.S. economist Edward McKelvey of eight pieces of housing data widely used as … (0 comments)
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Glen Bell
El Cerrito,
CA
More about me…
Better Homes & Gardens, Mason McDuffie
Address: 2095 Rose St, Suite 100, Berkeley, Ca, 94709
Office Phone: (510) 868-1494
Cell Phone: (510) 333-4460
Email Me
Bay Area Jazz Lines, an unusual and informative mix of San Francisco Bay Area Real Estate and Jazz.
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